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The Value of Manufacturing in America

February 5, 2025

In an article for Forbes, Dave Evans highlighted two very important stats. One came from the Financial Times, stating that “57% of U.S. industries would take 6 months to recover after 1 week of transport disruptions.” The other from the 2024 State of Manufacturing Report, which summarized that on-shoring manufacturing remains a top strategy priority for U.S. industry leaders. The significance of these two points is that they highlight the major proponents for American manufacturing. Not only does it help avoid lengthy disruptions, but it is increasingly important for companies that realize its benefits.

Economic and Technical Value

One of the key benefits of American manufacturing is that it adds to economic growth. “Morgan Stanley estimated that bringing manufacturing back to the US could add $10 trillion to the economy,” according to Business Insider. On top of that, it can boost the nation’s technological stance. Alongside efforts such as the increase in chip production, enhancing manufacturing in the States offers greater opportunity for a growth in our AI and robotics edge that both serves the future of the sector as well as individual industries such as semiconductor, pharmaceuticals, and advanced manufacturing systems.

Boosting SMEs

While a piece for the World Economic Forum pointed out that the “number of manufacturing firms and plants in the US has fallen by about 25% since 1997,” the resurgence of a U.S. based sector has the potential to increase that number, specifically among small and medium-sized (SMEs) manufacturers. SMEs often struggle to keep up with larger firms and their adaptability to the shifting technological environment. But by producing the types of manufacturing solutions they need here in the U.S., we can knock down those barriers of entry that allow them to remain competitive and even diminish supply chain issues.

Sources

“Powering Progress: How U.S. Manufacturing Drives Innovation And Growth” – Dave Evans, Forbes

https://www.forbes.com/sites/daveevans/2024/10/16/powering-progress-how-us-manufacturing-drives-innovation-and-growth/

“Bringing manufacturing back to the US is a $10 trillion opportunity for the economy, Morgan Stanley says” – by Jennifer Sor, Business Insider

https://www.businessinsider.com/us-manufacturing-production-boom-economy-made-in-america-trade-war-2024-10

“6 countries successfully growing their manufacturing – and what they are doing right” – David Elliot, World Economic Forum

https://www.weforum.org/stories/2025/01/6-countries-successfully-growing-their-manufacturing/

“Accelerating Digital Technology Adoption Among U.S. Small and Medium-Sized Manufacturers” – Robert D. Atkinson, Information Technology & Innovation Foundation

https://itif.org/publications/2024/04/19/accelerating-digital-technology-adoption-among-smes/

 

 

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